Episode 21 | What Would Taxes Look Like Under Trump vs. Harris?

🤝 Welcome to Episode 21 of Living Richly with Curo!

 

🇺🇸 🗳️ In this episode, we dive into the impact of potential tax policy changes heading into the election, from the future of the Tax Cuts and Jobs Act to new proposals on income and capital gains taxes. 💸

 

🔍 We'll also explore the candidates' plans on eliminating tip taxes, expanding the child tax credit, and more.

We hope you enjoy and learn something new!

 

Note: The same evening we recorded this episode, Democratic presidential nominee Kamala Harris came out with an updated proposed increase (less drastic) in the top capital-gains tax rate, so we wanted to share those details here.

 

The all-in top rate would be 33%, which would include a new 28% capital rate as well as Biden’s proposal to raise a 3.8% investment income tax to 5%. Biden, by contrast, wanted a near-doubling of today’s 23.8% top rate to 44.6%, taxing capital gains at roughly the same rate as ordinary income.

 

Live richly!

 

✉️ Send your questions to podcast@curoprivatewealth.com, and if we use your question you will receive a $10 Amazon gift card!

 

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